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by Mike Caswell
Dimitry Braverman, a former technician at a California law office, has pleaded guilty to insider trading charges. Prosecutors claimed that he made $305,000 buying shares of seven companies ahead of takeovers after learning about the transactions at work. (All figures are in U.S. dollars.) Among the stocks was former Toronto Stock Exchange listing YM Biosciences Inc., which received a $510-million takeover offer in December, 2012, with Mr. Braverman's employer being an adviser on the transaction.
Mr. Braverman, 41, entered the plea in an appearance before New York Judge Paul Engelmayer on Nov. 13, 2014. The judge allowed him to remain free on a $500,000 appearance bond, which has been in place since his arrest on Sept. 16, 2014. He must return to New York for sentencing on March 6, 2015.
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